Clarivate Plc (NYSE: CLVT) is -28.83% lower on its value in year-to-date trading and has touched a low of $4.97 and a high of $9.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CLVT stock was last observed hovering at around $6.45 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $6.59, the stock is -0.57% and -1.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.45 million and changing 2.17% at the moment leaves the stock -3.48% off its SMA200. CLVT registered -4.08% loss for a year compared to 6-month loss of -5.18%. The firm has a 50-day simple moving average (SMA 50) of $6.6754 and a 200-day simple moving average (SMA200) of $6.8409.
The stock witnessed a 0.92% gain in the last 1 month and extending the period to 3 months gives it a 29.72%, and is 0.92% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.98% over the week and 2.91% over the month.
Clarivate Plc (CLVT) has around 12000 employees, a market worth around $4.77B and $2.60B in sales. Fwd P/E is 8.34. Profit margin for the company is -49.19%. Distance from 52-week low is 32.60% and -31.39% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.44%).
with sales reaching $640.85M over the same period.The EPS is expected to shrink by -8.90% this year, but quarterly earnings will post -1.00% year-over-year. Quarterly sales are estimated to shrink -1.00% in year-over-year returns.
Clarivate Plc (CLVT) Top Institutional Holders
The shares outstanding are 666.10M, and float is at 424.60M with Short Float at 7.52%.
The top institutional shareholder in the company is LEONARD GREEN & PARTNERS, L.P. with over 116.67 million shares valued at $663.83 million. The investor’s holdings represent 17.4939% of the CLVT Shares outstanding. As of 2024-06-30, the second largest holder is EXOR N.V. with 67.29 million shares valued at $382.91 million to account for 10.0907 of the shares outstanding. The other top investors are CLARKSTON CAPITAL PARTNERS, LLC which holds 66.82 million shares representing 10.0197% and valued at over $380.22 million, while IMPACTIVE CAPITAL LP holds 6.2996 of the shares totaling 42.01 million with a market value of $239.05 million.
Clarivate Plc (CLVT) Insider Activity
The most recent transaction is an insider sale by Veinstein Bar, the company’s President, A&G. SEC filings show that Veinstein Bar sold 60,000 shares of the company’s common stock on Oct 15 ’24 at a price of $7.00 per share for a total of $0.42 million. Following the sale, the insider now owns 0.92 million shares.
Still, SEC filings show that on Sep 19 ’24, Veinstein Bar (President, A&G) disposed off 120,000 shares at an average price of $7.00 for $0.84 million. The insider now directly holds 976,583 shares of Clarivate Plc (CLVT).
